3rd Party Health Insurance Prices Keep Going Up

Rising Prices Making Health Insurance Harder to Afford

It's no secret that health insurance prices have been steadily rising for many years, and the latest figures show that this trend is not likely to end anytime soon. The latest report from the Kaiser Family Foundation shows that the average cost of a family health insurance policy has risen by 8 percent over the past year, one of the highest increases in recent years.

The rising costs of health insurance are especially difficult for those who purchase individual policies, or those who buy coverage through their employer. These individuals are more likely to pay more out-of-pocket for their care and often face higher deductibles and co-pays. This can make it difficult to afford necessary care and can put a strain on family budgets.

The higher prices are due to a variety of factors, including the rising cost of medical care, the increasing cost of prescription drugs and the increasing cost of running a health insurance business. In addition, insurance providers are increasingly passing on their costs to those who purchase their policies.

Unfortunately, there is no easy solution to the rising cost of health insurance. While the Affordable Care Act has helped to make health insurance more affordable for many Americans, it has done little to address the underlying cost drivers.

What Can Be Done to Combat Rising Prices?

One option is to shop around for health insurance. There are many different plans available, and it is important to compare the costs and benefits of each plan before making a decision. It is also important to understand what is covered by each plan and to ask questions if you are unsure.

Another option is to consider purchasing a high deductible health plan. These plans can be very affordable, but they require policyholders to pay for most of their medical care out-of-pocket. This can be a good option for those who are healthy and who don't anticipate needing a lot of medical care.

Finally, it is important to understand that health insurance is not a luxury but a necessity. Even if it is difficult to afford, it is important to make sure that you and your family are covered in case of illness or injury. There are many resources available to help those who are struggling to afford health insurance, so be sure to take advantage of them.